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I suggest you spend some time in a place without internet or smartphones to get an idea of the challenges around introducing these concepts to people without these modern solutions.

f0xr 1y ago 💬 1

What concepts? I'm talking about physical cash, paper banknotes, Benjamins. You're saying people without Internet don't understand the concept of cash?

I don't have a patronizing attitude toward people just because they aren't able to access or afford modern technology. People all over the world know how to take advantage of USD cash. If they had access to BTC cash that held value against their local fiat scrip as well as or better than the USD, and was also universally accepted by local money changers like USD cash, I'm sure most people would be capable of grasping that concept.

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Discussion

Theory of Everything 1y ago 💬 1

There are places in the world where people still use natural resources more than fiat currencies to transact. In Sub-Saharan Africa a grandmother will grow a crop of tomatoes to trade for two chickens and 40kg of rice. She will earn 1.50$ per day otherwise. It would be great for her to use e-cash to make those transactions, But a 100$ smartphone is a serious investment for an elderly woman who relies on her 8 grandchildren to help her along in life. I am just stating it is worth doing some market research to find real world use cases.

f0xr 1y ago 💬 1

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If people are still using barter, that's fine, they don't need money.

If they do need money, I'm suggesting e-cash could be converted into PHYSICAL CASH. I don't know how to be more clear, you don't seem to be reading my words. PHYSICAL CASH. PAPER BILLS. I'm not suggesting an African grandmother needs to buy a smartphone. You're the one implying that e-cash isn't worth developing because you need a smartphone to use it. I'm the one arguing you might not need a smartphone to use it.

Theory of Everything 1y ago 💬 1

No. I am arguing that ecash fits a niche group of people technologically adept enough to use ecash effectively. Not that it is not worth developing, That it has an extremely small market fit.

f0xr 1y ago